Interesting discussion on the merits of the initial plan of a paid link shortening service and the opposite approach (easy-to-setup paid access to links).They were discussing adding Bitcoin as a payment method when it was 0.7 cents a pop.
> At the current ~$0.70 / bitcoin, this means that every American will be able to have ~$0.05 in his or her electronic wallet, once all bitcoins are generated. Assuming that the rest of the world does not participate at all and that bitcoins are evenly distributed.
> Sure, you could imagine an instant dollar-to-bitcoin-to-dollar conversion at the point of payment. Or you could imagine a bitcoin2.org that generates more coins. Or you could hope for a massive surge in the value of the bitcoin.
> I'd put my money on Paypal sticking around, though.
Even back that people pointed out the obvious flaw of Bitcoin remaining at $0.70. But I wonder if any of them believed it would be at $100,000 in 14 years
Some might not be aware: It wasn't always smooth sailing for Sahil (could have had a much comfortable life if he stayed put at Pinterest). https://news.ycombinator.com/item?id=37059594
occamschainsaw|11 months ago
spiderice|11 months ago
> At the current ~$0.70 / bitcoin, this means that every American will be able to have ~$0.05 in his or her electronic wallet, once all bitcoins are generated. Assuming that the rest of the world does not participate at all and that bitcoins are evenly distributed.
> Sure, you could imagine an instant dollar-to-bitcoin-to-dollar conversion at the point of payment. Or you could imagine a bitcoin2.org that generates more coins. Or you could hope for a massive surge in the value of the bitcoin.
> I'd put my money on Paypal sticking around, though.
Even back that people pointed out the obvious flaw of Bitcoin remaining at $0.70. But I wonder if any of them believed it would be at $100,000 in 14 years
https://news.ycombinator.com/item?id=2407998
owebmaster|11 months ago
ignoramous|11 months ago